Brokerages expect First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) to report sales of $29.90 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for First Mid-Illinois Bancshares’ earnings. First Mid-Illinois Bancshares posted sales of $22.43 million during the same quarter last year, which suggests a positive year-over-year growth rate of 33.3%. The company is scheduled to report its next earnings report on Friday, August 4th.

On average, analysts expect that First Mid-Illinois Bancshares will report full-year sales of $29.90 million for the current fiscal year, with estimates ranging from $118.70 million to $122.20 million. For the next financial year, analysts expect that the company will post sales of $125.75 million per share, with estimates ranging from $122.90 million to $128.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover First Mid-Illinois Bancshares.

Several analysts recently weighed in on FMBH shares. Zacks Investment Research downgraded First Mid-Illinois Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, April 5th. DA Davidson began coverage on First Mid-Illinois Bancshares in a report on Friday, June 9th. They issued a “neutral” rating and a $37.00 target price for the company.

Shares of First Mid-Illinois Bancshares (FMBH) traded up 0.74% during mid-day trading on Friday, reaching $35.48. The company had a trading volume of 11,780 shares. The company has a market cap of $443.07 million, a price-to-earnings ratio of 17.27 and a beta of -0.09. First Mid-Illinois Bancshares has a 52-week low of $22.95 and a 52-week high of $37.78. The firm’s 50-day moving average price is $34.43 and its 200 day moving average price is $33.40.

In other First Mid-Illinois Bancshares news, Director Steven L. Grissom sold 1,100 shares of the company’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $37.00, for a total value of $40,700.00. Following the completion of the transaction, the director now owns 69,796 shares of the company’s stock, valued at approximately $2,582,452. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Michael L. Taylor sold 2,983 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $33.23, for a total value of $99,125.09. Following the completion of the transaction, the chief financial officer now directly owns 8,778 shares of the company’s stock, valued at approximately $291,692.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,083 shares of company stock valued at $678,457. Insiders own 20.30% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. purchased a new position in shares of First Mid-Illinois Bancshares during the first quarter worth about $903,000. Dimensional Fund Advisors LP boosted its position in shares of First Mid-Illinois Bancshares by 46.5% in the first quarter. Dimensional Fund Advisors LP now owns 29,605 shares of the bank’s stock worth $1,002,000 after buying an additional 9,395 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of First Mid-Illinois Bancshares by 5.9% in the first quarter. Geode Capital Management LLC now owns 66,257 shares of the bank’s stock worth $2,242,000 after buying an additional 3,701 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of First Mid-Illinois Bancshares by 2.1% in the first quarter. Vanguard Group Inc. now owns 265,907 shares of the bank’s stock worth $8,998,000 after buying an additional 5,445 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of First Mid-Illinois Bancshares by 55.4% in the first quarter. Wellington Management Group LLP now owns 590,440 shares of the bank’s stock worth $19,981,000 after buying an additional 210,458 shares during the last quarter. 19.01% of the stock is owned by institutional investors and hedge funds.

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First Mid-Illinois Bancshares Company Profile

First Mid-Illinois Bancshares, Inc is a financial holding company. The Company is engaged in the business of banking through its subsidiaries, First Mid-Illinois Bank & Trust, N.A. (First Mid Bank) and First Clover Leaf Bank, N.A. (First Clover Leaf Bank). The Company provides data processing services to affiliates through another subsidiary, Mid-Illinois Data Services, Inc (MIDS).

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